AMD 2013 Annual Report Download - page 58

partially offset by a $6 million increase in corporate general and administrative expenses attributable to our
SeaMicro acquisition, which we recorded in the All Other category. Marketing, general and administrative
expenses attributable to our Computing Solutions segment decreased primarily due to a $111 million decrease in
sales and marketing activities and a $22 million decrease in other general and administrative expenses. The
decrease in marketing, general and administrative expenses attributable to our Graphics and Visual Solutions
segment was a result of a $24 million decrease in other general and administrative expenses and a $16 million
decrease in sales and marketing activities.
Legal Settlements
During the fourth quarter of 2013, we entered into licenses and settlement agreements regarding patent-
related matters for which we received in aggregate $48 million in net cash, which we recorded as a gain in
operating expenses. At the time we entered into the agreements, we did not have any future obligations that we
were required to perform in order to earn the settlement payments. Accordingly, we recognized the entire
settlement amount in our operating results for the fourth quarter of 2013.
Amortization of Acquired Intangible Assets
Amortization of acquired intangible assets was $18 million in 2013, $14 million in 2012 and $29 million in
2011. The increase from 2012 to 2013 was due to amortization of the intangible assets of SeaMicro, which we
acquired in 2012. The decrease from 2011 to 2012 was due to the reduced amortization base amount of acquired
intangible assets, partially offset by our SeaMicro acquisition.
Restructuring and Other Special Charges, Net
Sale and Leaseback Transactions
In September 2013, we sold a light industrial building in Singapore and leased back a portion of the original
space. We received net cash proceeds of $46 million in connection with the sale, which resulted in a $17 million
gain that we recorded in the third quarter of 2013 and a deferred gain of $14 million (as of September 28, 2013)
that we will amortize over the initial operating lease term. The initial operating lease term expires in September
2023 and provides for options to extend the operating lease for 4 years at the end of the initial lease term and for
an additional 3.5 years thereafter.
In September 2013, we also sold an office building in Austin, Texas. We received net cash proceeds of $10
million in connection with the sale and recorded a $5 million gain in the third quarter of 2013.
In March 2013, we sold and leased back certain land and office buildings in Austin, Texas. We received net
cash proceeds of $164 million in connection with the sale and recorded a $52 million charge in the first quarter of
2013. The operating lease expires in March 2025 and provides for one 10-year optional renewal.
In March 2013, we also sold an office building in Markham, Ontario, Canada and leased back a portion of
the original space through June 2013. We received net cash proceeds of $13 million in connection with the sale
and recorded a $6 million gain in the first quarter of 2013.
The net charge of $24 million recognized in 2013 related to the real estate transactions described above is
recorded in the “Restructuring and other special charges, net” line item on the consolidated statements of
operations.
Effects of Restructuring Plans
2012 Restructuring Plan
In the fourth quarter of 2012, we implemented a restructuring plan designed to improve our cost structure
and to strengthen our competitiveness in core growth areas. The plan primarily involved a workforce reduction of
50